Teuton Resources Corp.(“Teuton”) (“TUO”) is pleased to announce that it has received assay results for the recently completed diamond drilling program on its Tennyson claims, situated 48km northwest of Stewart, British Columbia.
Two holes totalling 304.8m each were drilled to test a zone discovered earlier this summer by prospecting. Samples taken from the zone returned between 1 and 2 g/t gold.
The first of the holes encountered weakly to moderately anomalous gold over wide intervals. The second hole cut a 61.0m interval from 96.9m to 157.9m grading 0.90 g/t gold. Within this, a higher grade interval of 19.8m from 136.6m to 156.4m ran 2.0g/t gold.
D. Cremonese, P.Eng., President of Teuton Resources stated: “We are very encouraged by this new discovery. Given the current high price of gold and the fact that the Tennyson lies only 6km from a mining road, the grades encountered during the current drilling could potentially be economic. However, much more work will be necessary to prove this. Further drilling in 2010 will be required to elucidate controls for the mineralization and the size of the zone.”
Assays were performed by Pioneer Laboratories of Richmond, BC. A quality control program consisting of blanks, duplicates and standards was instituted. For the purposes of this news release, D. Cremonese, P.Eng. is the Qualified Person.
“Dino Cremonese, P.Eng.”
President
TEUTON RESOURCES CORP.
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This news release includes certain forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, as well as management’s objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward looking-statements and we caution against placing undue reliance thereon. Teuton Resources Corp. has an ongoing obligation to disclose material information, as it becomes available.
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